Modi speech to industry may not stir market: Quantum's Dutt

Written By Unknown on Kamis, 27 Februari 2014 | 23.07

In a panel discussion on CNBC-TV18, Dutt said the market was not over-leveraged on Modi, and that investors were not taking for granted a BJP victory in the upcoming polls.

BJP leader Narendra Modi's speech is unlikely to move market on Friday, feels Sanjay Dutt, Director, Quantum Securities.

In a panel discussion on CNBC-TV18, Dutt said the market was not over-leveraged on Modi, and that investors were not taking for granted a BJP victory in the upcoming polls.

On the vision outlined to industry captains at the India Economic Convention 2014 in New Delhi, Dutt said implementation was more important than familiar platitudes.

"While there's no doubt about the fact that markets would love and I also would respect Modi and would want Modi to come to power with a very good majority but we need to move beyond the platitudes. We need to move more into implementation that exactly where everyone lacks," Dutt said.

"It is very easy to say that we need to do away 10 laws and have one law but do you have the parliament mandate? Would be able to do away 10 laws, how are we going to do it? It is very easy to say to have a federal structure but how will be implement it?," Dutt asked.


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